Single Answer MCQ
Q-00015708
What is a major limitation of relying solely on GDP for measuring development?
1
It includes social factors
2
It reflects income inequality
3
It ignores environmental damage
4
It measures wealth accurately
Answer and Solution
Answer
C. It ignores environmental damage
Solution:
GDP does not account for environmental damage caused by economic activities, which can lead to a misleading understanding of true development.
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